- Apply for a Mortgage
- Contact Us
- Mortgage News
- Library & Statistics
- Rates & Tools
- Mortgage Services
- Home
1-800-604-1864
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
Tools
Mortgage Calculators Credit Card Calculators
Search the Glossary
GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
^
50% - Moderately
50% - Moderately
Additional Property
Synonyms: | collateral, real estate |
Filed Under: | mortgages, real-estate |
Tags: | mortgage, realty |
Definition of additional property
- additional property
- 1. Address of real estate that a person owns that is not being financed.
Related Terms and Acronyms:
- junior mortgage A loan that is subsequent to the claims of the holder of a prior (senior) mortgage.
- loan application A document in which a prospective borrower details his or her financial situation to qualify for a loan.
- second home An additionally purchased property, often a vacation or a rental property.
- second mortgage A mortgage which ranks after a first mortgage in priority on a registered land title.
- subordinate loan A mortgage whose priority is below that of another mortgage; i.e., a second or third mortgage or a home-equity loan.
- tandem loan When one asset, usually a house, has two loans taken out on it.
Search the Glossary
Try Our Mortgage Calculator
Do you ever doubt the mortgage advice your bank manager gives you? You'd better, because they're looking at their own bottom line when they tell you to refinance and lock in for longer. Use our mortgage calculator to examine their claims, and find out if what they say is really in your best interest.
|
Tel: 1-800-604-1864 Fax: 1-866-565-1864 info@superbrokers.ca |
© 2000-2020 Super Brokers is Canadian owned and operated by Colloco Enterprises.
All trademarks and logos are the property of their respective owners. All rights reserved.
All trademarks and logos are the property of their respective owners. All rights reserved.